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Consolidated Statements of Income (USD $)
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Revenues      
Utility Operations $ 14,091,000,000 $ 13,687,000,000 $ 12,733,000,000
Other Revenues 1,025,000,000 740,000,000 756,000,000
TOTAL REVENUES 15,116,000,000 14,427,000,000 13,489,000,000
Expenses      
Fuel and Other Consumables Used for Electric Generation 4,421,000,000 4,029,000,000 3,478,000,000
Purchased Electricity for Resale 1,191,000,000 1,000,000,000 1,053,000,000
Other Operation 2,868,000,000 3,132,000,000 2,620,000,000
Maintenance 1,236,000,000 1,142,000,000 1,205,000,000
Asset Impairments and Other Related Charges 139,000,000 0 0
Depreciation and Amortization 1,655,000,000 1,641,000,000 1,597,000,000
Taxes Other Than Income Taxes 824,000,000 820,000,000 765,000,000
TOTAL EXPENSES 12,334,000,000 11,764,000,000 10,718,000,000
OPERATING INCOME (LOSS) 2,782,000,000 2,663,000,000 2,771,000,000
Other Income (Expense):      
Interest and Investment Income 27,000,000 38,000,000 11,000,000
Carrying Costs Income 393,000,000 70,000,000 47,000,000
Allowance for Equity Funds Used During Construction 98,000,000 77,000,000 82,000,000
Interest Expense (933,000,000) (999,000,000) (973,000,000)
INCOME BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 2,367,000,000 1,849,000,000 1,938,000,000
Income Tax Expense (Credit) 818,000,000 643,000,000 575,000,000
Equity Earnings (Loss) of Unconsolidated Subsidiaries 27,000,000 12,000,000 7,000,000
INCOME (LOSS) BEFORE EXTRAORDINARY ITEMS 1,576,000,000 1,218,000,000 1,370,000,000
EXTRAORDINARY ITEMS, NET OF TAX 373,000,000 0 (5,000,000)
NET INCOME (LOSS) 1,949,000,000 1,218,000,000 1,365,000,000
Net Income Attributable to Noncontrolling Interests 3,000,000 4,000,000 5,000,000
NET INCOME (LOSS) ATTRIBUTABLE TO SHAREHOLDERS 1,946,000,000 1,214,000,000 1,360,000,000
Preferred Stock Dividend Requirements Including Capital Stock Expense 5,000,000 3,000,000 3,000,000
Earnings Attributable To Common Shareholders 1,941,000,000 1,211,000,000 1,357,000,000
Earnings Per Share      
WEIGHTED AVERAGE NUMBER OF BASIC AEP COMMON SHARES OUTSTANDING 482,169,282 479,373,306 458,677,534
Earnings per Share Before Extraordinary Items $ 3.25 $ 2.53 $ 2.97
Extraordinary Items, Net of Tax $ 0.77 $ 0 $ (0.01)
TOTAL BASIC EARNINGS PER SHARE ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS $ 4.02 $ 2.53 $ 2.96
WEIGHTED AVERAGE NUMBER OF DILUTED AEP COMMON SHARES OUTSTANDING 482,460,328 479,601,442 458,982,292
Earnings per Share Before Extraordinary Items $ 3.25 $ 2.53 $ 2.97
Extraordinary Items, Net of Tax $ 0.77 $ 0 $ (0.01)
TOTAL DILUTED EARNINGS PER SHARE ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS $ 4.02 $ 2.53 $ 2.96
CASH DIVIDENDS DECLARED PER SHARE $ 1.85 $ 1.71 $ 1.64
Appalachian Power Co [Member]
     
Revenues      
Utility Operations 2,835,481,000 2,950,183,000 2,604,494,000
Sales to AEP Affiliates 359,802,000 316,207,000 263,389,000
Other Revenues 9,942,000 8,713,000 8,772,000
TOTAL REVENUES 3,205,225,000 3,275,103,000 2,876,655,000
Expenses      
Fuel and Other Consumables Used for Electric Generation 759,684,000 663,422,000 547,266,000
Purchased Electricity for Resale 305,647,000 257,349,000 246,742,000
Purchased Electricity from AEP Affiliates 819,182,000 917,616,000 803,116,000
Other Operation 316,995,000 429,107,000 266,763,000
Maintenance 197,002,000 211,486,000 274,543,000
Depreciation and Amortization 270,529,000 304,192,000 273,506,000
Taxes Other Than Income Taxes 106,606,000 110,908,000 92,194,000
TOTAL EXPENSES 2,775,645,000 2,894,080,000 2,504,130,000
OPERATING INCOME (LOSS) 429,580,000 381,023,000 372,525,000
Other Income (Expense):      
Interest Income 5,016,000 1,477,000 1,403,000
Carrying Costs Income 13,433,000 33,080,000 22,761,000
Allowance for Equity Funds Used During Construction 9,212,000 2,967,000 7,000,000
Interest Expense (204,623,000) (207,649,000) (202,426,000)
INCOME BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 252,618,000 210,898,000 201,263,000
Income Tax Expense (Credit) 89,860,000 74,230,000 45,449,000
NET INCOME (LOSS) 162,758,000 136,668,000 155,814,000
Preferred Stock Dividend Requirements Including Capital Stock Expense 1,745,000 900,000 900,000
Earnings Attributable To Common Shareholders 161,013,000 135,768,000 154,914,000
Indiana Michigan Power Co [Member]
     
Revenues      
Utility Operations 1,770,447,000 1,735,338,000 1,685,308,000
Sales to AEP Affiliates 320,184,000 330,951,000 196,151,000
Other Revenues - Affiliated 109,053,000 114,070,000 110,143,000
Other Revenues 15,086,000 15,368,000 193,422,000
TOTAL REVENUES 2,214,770,000 2,195,727,000 2,185,024,000
Expenses      
Fuel and Other Consumables Used for Electric Generation 472,080,000 465,482,000 409,845,000
Purchased Electricity for Resale 121,375,000 128,369,000 128,508,000
Purchased Electricity from AEP Affiliates 353,484,000 327,335,000 337,308,000
Other Operation 540,595,000 560,346,000 500,672,000
Maintenance 229,883,000 222,406,000 218,036,000
Depreciation and Amortization 133,394,000 136,443,000 134,690,000
Taxes Other Than Income Taxes 82,303,000 80,431,000 75,262,000
TOTAL EXPENSES 1,933,114,000 1,920,812,000 1,804,321,000
OPERATING INCOME (LOSS) 281,656,000 274,915,000 380,703,000
Other Income (Expense):      
Interest Income 2,048,000 3,389,000 5,776,000
Allowance for Equity Funds Used During Construction 15,395,000 15,678,000 12,013,000
Interest Expense (97,665,000) (104,465,000) (101,145,000)
INCOME BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 201,434,000 189,517,000 297,347,000
Income Tax Expense (Credit) 51,760,000 63,426,000 81,037,000
NET INCOME (LOSS) 149,674,000 126,091,000 216,310,000
Preferred Stock Dividend Requirements Including Capital Stock Expense 626,000 339,000 339,000
Earnings Attributable To Common Shareholders 149,048,000 125,752,000 215,971,000
Ohio Power Co [Member]
     
Revenues      
Utility Operations 4,406,814,000 4,222,461,000 3,875,595,000
Sales to AEP Affiliates 977,999,000 991,285,000 921,089,000
Other Revenues - Affiliated 27,903,000 21,069,000 23,457,000
Other Revenues 18,395,000 20,301,000 15,592,000
TOTAL REVENUES 5,431,111,000 5,255,116,000 4,835,733,000
Expenses      
Fuel and Other Consumables Used for Electric Generation 1,597,410,000 1,488,474,000 1,286,718,000
Purchased Electricity for Resale 300,653,000 286,835,000 263,385,000
Purchased Electricity from AEP Affiliates 515,613,000 386,618,000 288,115,000
Other Operation 754,109,000 795,129,000 675,785,000
Maintenance 393,943,000 346,745,000 350,880,000
Asset Impairments and Other Related Charges 89,824,000 0 0
Depreciation and Amortization 545,376,000 513,168,000 496,470,000
Taxes Other Than Income Taxes 399,479,000 393,537,000 369,461,000
TOTAL EXPENSES 4,596,407,000 4,210,506,000 3,730,814,000
OPERATING INCOME (LOSS) 834,704,000 1,044,610,000 1,104,919,000
Other Income (Expense):      
Interest Income 7,069,000 2,567,000 2,238,000
Carrying Costs Income 53,345,000 31,796,000 18,354,000
Allowance for Equity Funds Used During Construction 5,549,000 5,949,000 6,094,000
Interest Expense (221,977,000) (242,000,000) (241,134,000)
INCOME BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 678,690,000 842,922,000 890,471,000
Income Tax Expense (Credit) 213,697,000 301,306,000 310,195,000
NET INCOME (LOSS) 464,993,000 541,616,000 580,276,000
Net Income Attributable to Noncontrolling Interests 0 0 2,042,000
NET INCOME (LOSS) ATTRIBUTABLE TO SHAREHOLDERS 464,993,000 541,616,000 578,234,000
Preferred Stock Dividend Requirements Including Capital Stock Expense 1,259,000 881,000 889,000
Earnings Attributable To Common Shareholders 463,734,000 540,735,000 577,345,000
Public Service Co Of Oklahoma [Member]
     
Revenues      
Utility Operations 1,345,551,000 1,246,916,000 1,075,014,000
Sales to AEP Affiliates 14,192,000 23,528,000 45,756,000
Other Revenues 3,645,000 3,218,000 3,980,000
TOTAL REVENUES 1,363,388,000 1,273,662,000 1,124,750,000
Expenses      
Fuel and Other Consumables Used for Electric Generation 465,546,000 373,317,000 310,168,000
Purchased Electricity for Resale 163,550,000 187,106,000 180,055,000
Purchased Electricity from AEP Affiliates 50,092,000 46,013,000 19,331,000
Other Operation 201,247,000 222,396,000 185,575,000
Maintenance 104,732,000 115,788,000 108,020,000
Depreciation and Amortization 95,915,000 104,929,000 110,149,000
Taxes Other Than Income Taxes 41,295,000 42,121,000 41,144,000
TOTAL EXPENSES 1,122,377,000 1,091,670,000 954,442,000
OPERATING INCOME (LOSS) 241,011,000 181,992,000 170,308,000
Other Income (Expense):      
Interest Income 596,000 308,000 1,879,000
Carrying Costs Income 4,033,000 3,145,000 4,642,000
Allowance for Equity Funds Used During Construction 1,317,000 804,000 1,787,000
Interest Expense (54,700,000) (63,362,000) (59,093,000)
INCOME BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 192,257,000 122,887,000 119,523,000
Income Tax Expense (Credit) 67,629,000 50,100,000 43,921,000
NET INCOME (LOSS) 124,628,000 72,787,000 75,602,000
Preferred Stock Dividend Requirements Including Capital Stock Expense 434,000 200,000 212,000
Earnings Attributable To Common Shareholders 124,194,000 72,587,000 75,390,000
Southwestern Electric Power Co [Member]
     
Revenues      
Utility Operations 1,594,192,000 1,469,514,000 1,315,056,000
Sales to AEP Affiliates 57,615,000 51,870,000 29,318,000
Lignite Revenues - Nonaffiliated 0 0 43,239,000
Other Revenues 2,019,000 2,150,000 1,689,000
TOTAL REVENUES 1,653,826,000 1,523,534,000 1,389,302,000
Expenses      
Fuel and Other Consumables Used for Electric Generation 626,599,000 587,058,000 495,928,000
Purchased Electricity for Resale 152,645,000 125,064,000 127,170,000
Purchased Electricity from AEP Affiliates 11,808,000 23,707,000 42,712,000
Other Operation 224,068,000 245,504,000 249,792,000
Maintenance 140,981,000 103,352,000 105,602,000
Asset Impairments and Other Related Charges 49,000,000 0 0
Depreciation and Amortization 133,229,000 126,901,000 145,144,000
Taxes Other Than Income Taxes 65,239,000 63,151,000 60,442,000
TOTAL EXPENSES 1,403,569,000 1,274,737,000 1,226,790,000
OPERATING INCOME (LOSS) 250,257,000 248,797,000 162,512,000
Other Income (Expense):      
Interest Income 2,076,000 579,000 1,286,000
Allowance for Equity Funds Used During Construction 48,731,000 45,646,000 46,737,000
Interest Expense (81,781,000) (86,538,000) (70,500,000)
INCOME BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 219,283,000 208,484,000 140,035,000
Income Tax Expense (Credit) 56,903,000 64,214,000 17,511,000
Equity Earnings (Loss) of Unconsolidated Subsidiaries 2,746,000 2,414,000 4,000
INCOME (LOSS) BEFORE EXTRAORDINARY ITEMS 165,126,000 146,684,000 122,528,000
EXTRAORDINARY ITEMS, NET OF TAX 0 0 (5,325,000)
NET INCOME (LOSS) 165,126,000 146,684,000 117,203,000
Net Income Attributable to Noncontrolling Interests 3,841,000 4,093,000 3,130,000
NET INCOME (LOSS) ATTRIBUTABLE TO SHAREHOLDERS 161,285,000 142,591,000 114,073,000
Preferred Stock Dividend Requirements Including Capital Stock Expense 579,000 229,000 229,000
Earnings Attributable To Common Shareholders $ 160,706,000 $ 142,362,000 $ 113,844,000